Bay Street stocks dived at open Wednesday amid selling across a variety of sectors,with the S&P/TSX Composite Index losing 112.96 points or 0.96 percent to 11,591.78.
The Diversified Materials Index lost over 2 percent, with First Quantum Minerals (FM.TO), Teck Resources (TCK_B.TO) and Inmet Mining (IMN.TO) shedding around 2 percent each.
Among gold plays, Avion Gold (AVR.TO) dived 30 percent and Kinross Gold (K.TO) shed over 4 percent. Goldcorp. (G.TO) and Barrick Gold (ABX.TO) were down around 2 percent each.
In the oil patch, Baytex Energy Corp. (BTE.TO) and Suncor Energy (SU.TO) were down around 2 percent each. Enbridge Inc. (ENB.TO) slipped 0.50 percent after reporting a lower first quarter net income.
Restaurant chain Tim Hortons Inc. (THI.TO) lost close to 2 percent even after posting higher first-quarter net income.
Fertilizer maker Agrium Inc. (AGU.TO) shed over 2 percent after reporting lower first quarter net earnings.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.